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Saturday, 12 June 10
NALCO TO ROPE IN PARTNERS FOR INDONESIA PROJECT
 Sify reported that, the public sector National Aluminium Company (Nalco) is set to finalise the terms of its joint venture (JV) agreement with two foreign partners for a Rs 18,000 crore smelter and power plant project in Indonesia within next couple of months.
The company intends to tie up with Pt Antam, a government owned mining company of Indonesia and MEC (Middle East Coal) promoted by Ras Al Khaimah Minerals and Metals Investment of UAE for the project.
The Indonesian project, billed as a key growth driver for Nalco, is part of the company’s Rs 40,000 crore expansion plan incorporated in its Vision 2020 document.
The project comprises of setting up of a 0.5 million tonne per annum aluminium smelter and 1260 Mw captive power plant (CPP) over 6,000 acres of land in East Kalimantan province of Indonesia.
Though both the foreign partners are keen to have 40 per cent shares each, Nalco, with its role as the lead promoter, will hold at least 50 per cent stake in the project and can only allow them less than 50 per cent shares combinedly, said B.L. Bagra, director, finance, Nalco.
The finalization of the terms of the JV agreement will be followed up with preparation of detailed project report (DPR) for the venture. The company had recently invited bids for appointment of consultant for DPR and Tata Consulting Engineers, Dastur & Co, Engineers India (EIL) and Canadian firm, SNC Lavlin are vying for this Rs 5 crore contract.
The JV agreement is a pre-curser to DPR as this will provide a clear picture on the cost to be borne towards procurement of coal and transportation.
While the company expects the partnership with the Indonesian government company Pt Antam will help the project to sail smoothly in that country, the tie up with MEC, which operates coal mines, rail lines and port in East Kalimantan province, will be strategic in securing raw material supply and transport infrastructure for the smelter and power plants.
With the debt equity ratio of the Rs 18,000 crore-project being pegged at 70: 30 and Nalco intent on having at least 50 per cent stake in it, the equity exposure of the company is estimated at around Rs 2,700 crore.
After the JV agreement and finalization of DPR, the company will seek the approval of its board and the government for equity investment and approach foreign financial institutions for financing the project.
The debt component at Rs 12,400 crore being a sizeable amount, the company will seek international consortium financing, Bagra said.
With the DPR expected to take about 8 months to prepare, the work on the project is expected to start within a year from now, he added.
Source: SIFY(By:Dillip Satapathy)
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Thursday, 16 June 11
BOOSTING THE USE OF LOW CARBON ENERGY FOR A BETTER WORLD
Bali, Indonesia host of world renewable energy congress – Indonesia, international conference & exhibition on renewable energy and energy ...
Thursday, 16 June 11
FREIGHT MARKET FAILS TO RECOVER - DREWRY / HELLENIC SHIPPING
With demand failing to improve enough to contain the colossal increases in supply, the dry bulk freight market stayed near the dreadfully low levels ...
Thursday, 16 June 11
VALLAR CONTROLS 84.7 PERCENT STAKE IN BERAU COAL - INSIDER STORIES
Insider Stories reported that, London-based investment company Vallar Plc, via its subsidiary dubbed Vallar Investments UK Limited, today announced ...
Wednesday, 15 June 11
INDONESIA NEW COAL POLICY WORRIES INDIA POWER FIRMS - MYDIGITALFC
Tata Power, Adani group, Lanco Infratech and Reliance Power, among other Indian coal importers, are waiting to assess the impact of the Indonesian g ...
Wednesday, 15 June 11
BAYAN RESOURCES OWNS 56 PERCENT KANGAROO - INSIDER STORIES
Australia-listed coal miner Kangaroo Resources Limited (KRL) has obtained final approval from its shareholders to complete its US$277 million acquis ...
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- Standard Chartered Bank - UAE
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- Electricity Authority, New Zealand
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- Alfred C Toepfer International GmbH - Germany
- Parry Sugars Refinery, India
- Sojitz Corporation - Japan
- Chettinad Cement Corporation Ltd - India
- Timah Investasi Mineral - Indoneisa
- Indogreen Group - Indonesia
- Intertek Mineral Services - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Gujarat Sidhee Cement - India
- Petrochimia International Co. Ltd.- Taiwan
- Australian Commodity Traders Exchange
- Pipit Mutiara Jaya. PT, Indonesia
- Kobexindo Tractors - Indoneisa
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- Riau Bara Harum - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Energy Development Corp, Philippines
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- Vijayanagar Sugar Pvt Ltd - India
- Antam Resourcindo - Indonesia
- Goldman Sachs - Singapore
- Medco Energi Mining Internasional
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- Dalmia Cement Bharat India
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- Interocean Group of Companies - India
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- Directorate General of MIneral and Coal - Indonesia
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- Samtan Co., Ltd - South Korea
- Metalloyd Limited - United Kingdom
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- Kaltim Prima Coal - Indonesia
- Mintek Dendrill Indonesia
- Parliament of New Zealand
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- McConnell Dowell - Australia
- Indian Oil Corporation Limited
- Australian Coal Association
- SMG Consultants - Indonesia
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- Miang Besar Coal Terminal - Indonesia
- Attock Cement Pakistan Limited
- LBH Netherlands Bv - Netherlands
- Savvy Resources Ltd - HongKong
- International Coal Ventures Pvt Ltd - India
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- Ceylon Electricity Board - Sri Lanka
- Kartika Selabumi Mining - Indonesia
- Meralco Power Generation, Philippines
- London Commodity Brokers - England
- GMR Energy Limited - India
- Manunggal Multi Energi - Indonesia
- Ministry of Finance - Indonesia
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- Karaikal Port Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Marubeni Corporation - India
- Coastal Gujarat Power Limited - India
- Tata Chemicals Ltd - India
- Port Waratah Coal Services - Australia
- Minerals Council of Australia
- CNBM International Corporation - China
- Meenaskhi Energy Private Limited - India
- IHS Mccloskey Coal Group - USA
- The Treasury - Australian Government
- The University of Queensland
- Indonesian Coal Mining Association
- Maheswari Brothers Coal Limited - India
- PNOC Exploration Corporation - Philippines
- Oldendorff Carriers - Singapore
- Jaiprakash Power Ventures ltd
- Indian Energy Exchange, India
- Eastern Coal Council - USA
- Energy Link Ltd, New Zealand
- Iligan Light & Power Inc, Philippines
- Billiton Holdings Pty Ltd - Australia
- Ind-Barath Power Infra Limited - India
- Merrill Lynch Commodities Europe
- Deloitte Consulting - India
- Ministry of Mines - Canada
- Rashtriya Ispat Nigam Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Siam City Cement PLC, Thailand
- Orica Australia Pty. Ltd.
- Banpu Public Company Limited - Thailand
- Independent Power Producers Association of India
- Thai Mozambique Logistica
- Sinarmas Energy and Mining - Indonesia
- Indika Energy - Indonesia
- Sindya Power Generating Company Private Ltd
- Binh Thuan Hamico - Vietnam
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- Simpson Spence & Young - Indonesia
- Globalindo Alam Lestari - Indonesia
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- Kideco Jaya Agung - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- The State Trading Corporation of India Ltd
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- VISA Power Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Bhatia International Limited - India
- Grasim Industreis Ltd - India
- Bharathi Cement Corporation - India
- MS Steel International - UAE
- SN Aboitiz Power Inc, Philippines
- SMC Global Power, Philippines
- Straits Asia Resources Limited - Singapore
- Bulk Trading Sa - Switzerland
- Tamil Nadu electricity Board
- Singapore Mercantile Exchange
- Offshore Bulk Terminal Pte Ltd, Singapore
- Borneo Indobara - Indonesia
- Formosa Plastics Group - Taiwan
- White Energy Company Limited
- PowerSource Philippines DevCo
- PetroVietnam Power Coal Import and Supply Company
- CIMB Investment Bank - Malaysia
- ICICI Bank Limited - India
- Commonwealth Bank - Australia
- Indo Tambangraya Megah - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Mercuria Energy - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Mjunction Services Limited - India
- Xindia Steels Limited - India
- Price Waterhouse Coopers - Russia
- Trasteel International SA, Italy
- Aboitiz Power Corporation - Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Wood Mackenzie - Singapore
- Salva Resources Pvt Ltd - India
- Posco Energy - South Korea
- Aditya Birla Group - India
- Bayan Resources Tbk. - Indonesia
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- Orica Mining Services - Indonesia
- Siam City Cement - Thailand
- Central Java Power - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Planning Commission, India
- Sakthi Sugars Limited - India
- Edison Trading Spa - Italy
- Rio Tinto Coal - Australia
- Electricity Generating Authority of Thailand
- Lanco Infratech Ltd - India
- Uttam Galva Steels Limited - India
- San Jose City I Power Corp, Philippines
- Economic Council, Georgia
- Semirara Mining Corp, Philippines
- Heidelberg Cement - Germany
- Essar Steel Hazira Ltd - India
- IEA Clean Coal Centre - UK
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- Toyota Tsusho Corporation, Japan
- Bank of Tokyo Mitsubishi UFJ Ltd
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- Asmin Koalindo Tuhup - Indonesia
- Directorate Of Revenue Intelligence - India
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- Wilmar Investment Holdings
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